The current trend pattern being formed by BITTREX:ETHBTC seems to resemble what we saw with BITFINEX:BTCUSD, where we had a notable head and shoulders pattern followed by a bullish run again, with further head and shoulder signs. Ultimately we know where BTC went, but will Ethereum follow suit?
Looking for resistance at the current bull run on Ethereum and...
Wabi BINANCE:WABIBTC is looking bearish, trapped in a decending triangle, we can expect it to break out into the downside. If you've got Wabi might be a time to sell and buy at a lower price.
*note this is not financial advise and is intended for educational purposes.
So we are patiently waiting for EOS breakout into the upside, noting on the hourly charge that EOS is in an ascending triangle, after holding up from a cup and handle formation. Timeline shows within the next 20-24hrs that EOS would be expected to break upward from the triangle which should set it on a bull run. With action in BTC now more calm, EOS should be...
Chart is showing a lot of resistance on IOTA to go higher, while it is in a coiled channel, with afurther decending wedge, the momentum appears weak. Anticipate a possible push up from the wedge followed by a failed breakout at the MA, for a possible rejection down and a breakout toward the downside below the old horizontal support.
**note this is not intended...
IOTA IOTABTC is showing an oversold situation on the hr chart RSI indicator.
Also bullish turn, from hitting solid support line, which has seen 3 previous bounce offs.
Note not financial advise, this is intended for educational purposes.
IOTA IOTABTC, is showing a turn on the hr chart.
Decending wedge leading to upward breakout potential.
RSI in over sold situation.
IOTA touching bottom support zone which has seen 3 previous bounce offs.
This is not financial advise and meant for education purposes.
STORJ BITTREX:STORJBTC appears to be locked in a sideways wedge, it looks like it wants to go higher but in the bearish BTC market this is being held back.
There are notable buy and sell opportunities however, and assuming BTC will make a further low by the end of the week its possible STORJ will break the wedge downward, dragged by BTC.
***This analysis is...
CARDANO (ADABTC) BITTREX:ADABTC is looking very bearish.
Potentially on a large descending triangle with bearish indicators. We may see a short upward breakout from the triangle initially followed by a rapid trend down.
Analysis intended for education purposes.
Indicators show a cup and handle action on EOS.
MACD : Bullish
RSI: in overbought on daily chart but not hourly chart, but still showing positive slopes.
SMA: Showing good support on SMAs
The cup resistance has potentially seen a breakout, with BTC bouncing up from a low, there may be potential for short term upside assuming BTC turns bearish...
Plenty of potential cup and handles showing on crypto market. Particularly VIBE appears to show a cup and handle formation. This combined with positive indicators on the RSI and MACD on the 1hr chart shows a bullish sign for new highs in the 24hr period.